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Australia Hotel Marketview Q4 2018

National RevPAR grew 1.2% in 2018, a marked slowdown compared to the 2.8% recorded in 2017, according to STR. A number of markets are beginning to feel the pressure as the final quarter saw some experience decline in occupancy levels. This was driven by new hotel openings in some markets, while others saw declines in domestic visitors. This trend suggests that some markets may have peaked.

The Gold Coast was the best performing market with 9.4% growth in RevPAR driven by a 7.6% increase in ADR. The Commonwealth Games held in April 2018 gave the market a shot in the arm, with the momentum carrying forward in subsequent months.

A major resource project coming to an end in Darwin is contributing to a significant fall in corporate travel, dragging RevPAR down by 5.8% - making Darwin the worst performing market in 2018.

New hotel openings in Brisbane in 2018 resulted in falls in occupancy and ADR as the market became more competitive.